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Jan 7, 2013
01/13
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because of the debt ceiling being upward when you have got to borrow money somebody is earning money. somebody is making money. and it certainly is not those individuals at the bottom of the barrel. >> neil: the reason why we are in the peckle we ar pickle we s because we keep printing money and spending money. do you think we a spending problem? >> i think we finance our government with the idea that we keep providing opportunity for the money managers, the money lenders, the money changers and it is kind of like billy holliday used to say, them that's got shall get. >> neil: don't play the same cold game and cater to them. >> we already made the decision we have to borrow. >> neil: stop like you tell an alcoholic put the glass down. stop, stop, stop. >> i tell you, i don't have a problem. >> neil: we are up on the brink congressman saying this game stops and we stand up and we all say we are all alcoholics and it has got to stop now. >> i also think you got to say that you take responsibility for the decisions that you make and if you have borrowed you got to pay. >> neil: understo
because of the debt ceiling being upward when you have got to borrow money somebody is earning money. somebody is making money. and it certainly is not those individuals at the bottom of the barrel. >> neil: the reason why we are in the peckle we ar pickle we s because we keep printing money and spending money. do you think we a spending problem? >> i think we finance our government with the idea that we keep providing opportunity for the money managers, the money lenders, the money...
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Jan 12, 2013
01/13
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ceiling, but ignore the 2nd amendment and confiscate people's guns. i'm being a little flippant, but to make the point that they pick and choose their battles and the appropriate ammunition. >> sure. it reminds me of a new york times op-ed from last week saying we should throw out the constitution, oh, except for these parts i like. neil: that's right. very good point. >> and the thing is even if i just said that all presidents have tried to expand their own powers, what is unique to this one is just the amount of government by regulation by these administrative agencies that are seemingly unaccountable to anyon i just saw a front page article in "the washington post" earlier this week how the last congress was the most unproductive, they didn't pass as many laws -- that's probably a good thing they're not passing laws -- but the agenciehave been the most productive in history. exponentially, every two or four years the federal code grows exponentially, and that's really where much of the government is done now whether we're talking environmental regu
ceiling, but ignore the 2nd amendment and confiscate people's guns. i'm being a little flippant, but to make the point that they pick and choose their battles and the appropriate ammunition. >> sure. it reminds me of a new york times op-ed from last week saying we should throw out the constitution, oh, except for these parts i like. neil: that's right. very good point. >> and the thing is even if i just said that all presidents have tried to expand their own powers, what is unique...
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Jan 23, 2013
01/13
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it will be thought of as a responsible not raise the debt ceiling. in my view, it is changing the way we do business here, starting with the approval of the budget. it is compassionate to spend money, how can it be compassionate that is the next generation. there is no question but what the debt and deficit is a drag on that opportunity. we have a responsibility for american citizens to right this wrong. >> said on the senate budget committee and i can say that the most disappointing part of having served the last two years is a relatively new member, it blows my mind that the senate democrats were not willing to do a budget when you're over $16 trillion in debt. we talked about the ipad that has come into existence during the 40 or so we haven't had a budget. i have a 5-year-old son named jacob. so most of his lifetime we have not had a budget. the failure to prioritize spending. and i think about that, i know it's about him. if we can do a budget for this country and we can't prioritize spending and have a fiscal blueprint, to make sure that we get
it will be thought of as a responsible not raise the debt ceiling. in my view, it is changing the way we do business here, starting with the approval of the budget. it is compassionate to spend money, how can it be compassionate that is the next generation. there is no question but what the debt and deficit is a drag on that opportunity. we have a responsibility for american citizens to right this wrong. >> said on the senate budget committee and i can say that the most disappointing part...
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Oct 10, 2013
10/13
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because there's no question in my mind at some point if we don't raise the debt ceiling it will become disruptive. as you know, ongoing tax revenue is only about 85% of all the money this government intends to spend in the coming fiscal year. so if we only get 85% of everything we intend to spend in tax revenue, the 15% shortfall would have to be covered by borrowing or else we wouldn't be able to do everything in full and on time. that would be disrupted. but the greatest destruction by far would occur if you were to choose to not pay interest on our debt. senator cantwell made it very compelling argument about the unique role the u.s. treasury securities play in the world, and the united states. so my question to you, mr. secretary, as the secretary of the treasury are you prepared to assure us, or more important, the millions of americans who are invested in u.s. treasury securities and the entire american economy, that under no circumstances will you permit a missed payment on a u.s. treasury securities obligation? >> senator, the only way to make sure we pay all of our obligation
because there's no question in my mind at some point if we don't raise the debt ceiling it will become disruptive. as you know, ongoing tax revenue is only about 85% of all the money this government intends to spend in the coming fiscal year. so if we only get 85% of everything we intend to spend in tax revenue, the 15% shortfall would have to be covered by borrowing or else we wouldn't be able to do everything in full and on time. that would be disrupted. but the greatest destruction by far...
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Aug 29, 2013
08/13
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if we decide not to extend or raise the debt ceiling, the united states will either have t savings bonds which we were told as boy scouts you absolutely could guarantee you'll get the money on or not pay its bills overseas it owes on debt or whatever. not pay social security. stop being able to pay its bills. people like ted cruz say, we're willing to take that risk. now apparently your party leadership is going along with them. >> well, chris, look -- >> are they right? >> yes. i think you have two irreconcilable conditions. first, the president has drawn a red squiggly line on a plaid paper saying he's got going to negotiate with the republicans on the debt ceiling. you have the speaker who now said recently that he is not going to pass an increased debt ceiling without offsets in how much it's going to increase. remember, the fact here is that we have a deficit, and it seems to me the actors that are being portrayed as insane are the ones who are no plan to reduce the debt. the democrats in the senate. and the democrat in the white house. and the ups being portrayed as insane are the
if we decide not to extend or raise the debt ceiling, the united states will either have t savings bonds which we were told as boy scouts you absolutely could guarantee you'll get the money on or not pay its bills overseas it owes on debt or whatever. not pay social security. stop being able to pay its bills. people like ted cruz say, we're willing to take that risk. now apparently your party leadership is going along with them. >> well, chris, look -- >> are they right? >>...
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Jan 21, 2013
01/13
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we talk a lot about the debt ceiling and the fiscal cliff, what has gone unnoticed is what is happening at the federal reserve. we're talking about $1.46 trillion in bank reserves parked at the federal reserve, it could rise 2.6 tree and dollars by next year so look at this graph line we are showing you. back to 1960. you will see flatlining through 2010 and look at that spiked higher on the far right. now trending toward $2 trillion, north of that by next year, so talk about what happens when the federal reserve drops interest rate and pays the bank to park that money at the federal reserve, what if it dropped it to zero? federal reserve says we can actually raise interest rate and keep the money parked at the federal reserve. paintings half of a percentage point. in other news that has gone totally unnoticed, they will hit more than $3 trillion by the end of february, so that it'd be deal. talking for the first time the explicit unemployment target rate around 6.5%, and you can imagine the fed balance sheet will continue to balloon until we get the jobless rate down. $3 trillion in ra
we talk a lot about the debt ceiling and the fiscal cliff, what has gone unnoticed is what is happening at the federal reserve. we're talking about $1.46 trillion in bank reserves parked at the federal reserve, it could rise 2.6 tree and dollars by next year so look at this graph line we are showing you. back to 1960. you will see flatlining through 2010 and look at that spiked higher on the far right. now trending toward $2 trillion, north of that by next year, so talk about what happens when...
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Jan 31, 2013
01/13
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they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers. so how do you -- how do you piece it together in your mind that the economy can be doing so poorly and yet the president is more popular than ever. fun know the answer, e-mail us or tweet us. >>steve: there's so many low-information viewers and votes out there. >>brian: that's their choice. >>steve: absolutely. when the payroll tax hit at the first of this year, they are going to go where did that money go? it was a shock to them. senator john thune yesterday tweeted after jay carney blamed the house democrats. -- house republicans. he says white house secretary blames g.o.p. for
they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers....
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Mar 12, 2013
03/13
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we have the national debt ceiling. it just keep raising the money. gerri: one other topic. it's a story that i have been just so excited about. john paulson, remember him, the hedge fund manager that may sum much money betting against us, our mortgages. he has billions of dollars. he is moving to prick rico because they have this new role for new residents, you don't have to pay capital gains taxes, u.s. taxes, any taxes from pr. tubes. are your clients saying, hey, get me out of this tax situation? >> is very interesting to sit there and think you can pick up and leave the united states. the big issue is are you ready to revoke your citizenship and all the benefits that go with that? when you look at the super rich they have that ability. if they are planning to sit theee and run off into the sunset, that's a viable option. for people making 400,000 to a million, which are considered wealthy individuals, that type of planning is not point to be realistic. >> if you're in part rick you keep your citizenship. the taxes you avoid. gerri: the best of both worlds. zero taxes on
we have the national debt ceiling. it just keep raising the money. gerri: one other topic. it's a story that i have been just so excited about. john paulson, remember him, the hedge fund manager that may sum much money betting against us, our mortgages. he has billions of dollars. he is moving to prick rico because they have this new role for new residents, you don't have to pay capital gains taxes, u.s. taxes, any taxes from pr. tubes. are your clients saying, hey, get me out of this tax...
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Sep 28, 2013
09/13
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CNN
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this is money already spent. there are no negotiations just raise the debt ceiling so the u.s. can continue to borrow money. but then they go on -- white house officials go on to delineate all the horrible things that would happen. and it would derail the economy and upset the world, other world economies, et cetera, et cetera. so it is hard to believe that having raised those stakes so high that the president would say, well, i'm still not going to deal with them. so i think that there's more of a possibility for negotiations there because i think everybody agrees they don't really want to know what would happen if the debt ceiling was not raised. >> so dana, what happens this weekend, monday leading to that midnight deadline monday night? >> reporter: well, what happens tomorrow is the house will come in, republicans will meet at noon to try to figure out and finalize what their game plan is on their spending bill, what they're going to add to it. unclear if they're going to vote tomorrow, meaning saturday, or sunday. the senate is gone. they're not planning on coming in unti
this is money already spent. there are no negotiations just raise the debt ceiling so the u.s. can continue to borrow money. but then they go on -- white house officials go on to delineate all the horrible things that would happen. and it would derail the economy and upset the world, other world economies, et cetera, et cetera. so it is hard to believe that having raised those stakes so high that the president would say, well, i'm still not going to deal with them. so i think that there's more...
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Jan 31, 2013
01/13
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if we have no spending problem, senator, why do we need to extend the debt ceiling? why do we need more money? >> greta, the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yeast, we have the slowest recovery of any recovery in history. i spent last summer, going around my state, talking to small businesses, dozens of them. so it's very clear to me what's happening now. they were beginning to pull back because of the expected cost of obamacare, the dod-frank legislation, that was a federal takeover of our financial system is making it harder for businesses to get loans. you look at the expected tax increases, which businesses were trying to plan for, the uncertainty really goes back to the president's policies. it is not obstruction. i wish we had had more of it. the policies in place are hurting our economy. and even more than that, the uncertainty from the mounting debt on individual americans is -- is putting us in
if we have no spending problem, senator, why do we need to extend the debt ceiling? why do we need more money? >> greta, the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yeast, we have the slowest recovery of any recovery in history. i spent last summer, going around my state, talking to small businesses, dozens of them. so it's very...
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Sep 27, 2013
09/13
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and we're having this debt ceiling discussion of whether we're going to extend the debt creek. ceiling. it's crazy. >> i want to posit here that the white house says no bailout is plan, this is strategic money. i want you to multiply up the cities, the counties in similar duress, that might be expecting this sort of thing, and then you raise the question here as we're looking at a government shutdown, where is the money going to come from for that? well, anyway, that's just me. >>> if the government does shut down, what really goes down? (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at od, whatever business you're in, that's the business
and we're having this debt ceiling discussion of whether we're going to extend the debt creek. ceiling. it's crazy. >> i want to posit here that the white house says no bailout is plan, this is strategic money. i want you to multiply up the cities, the counties in similar duress, that might be expecting this sort of thing, and then you raise the question here as we're looking at a government shutdown, where is the money going to come from for that? well, anyway, that's just me....
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Oct 16, 2013
10/13
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, hitting the debt ceiling and running out of money to pay our bills. there are tea party republicans who say they're not worried about the thursday deadline for hitting the debt cells. china is calling for a de-americanized world because of the quote intensifying domestic political turmoil in the united states. the u.s. was put on notice today from one of the big credit ratings agencies quote, the repeated brinkmanship over the debt rating -- agency is threatening to downgrade america's credit which could cost us billions of dollars in higher interest payments. those are some of the consequences of letting the u.s. default. it was with that catastrophe getting closer by the hour that senate majority leader mitch mcconnell laid out the frame work for a deal that would raise the debt ceiling temporarily. that was how the nation went to bed last night. the bipartisan plan was taking shape in the senate. the house republicans were set to talk about how to handle it this more. that's where we left the news at around this time last night. that is not where c
, hitting the debt ceiling and running out of money to pay our bills. there are tea party republicans who say they're not worried about the thursday deadline for hitting the debt cells. china is calling for a de-americanized world because of the quote intensifying domestic political turmoil in the united states. the u.s. was put on notice today from one of the big credit ratings agencies quote, the repeated brinkmanship over the debt rating -- agency is threatening to downgrade america's credit...
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Jan 15, 2013
01/13
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the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right before the u.s. the people at home might be told they have to wait for their money. >> if congressional republicans refuse to pay america's bills on time social security
the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >>...
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Sep 29, 2013
09/13
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ceiling, the nation or government's ability to borrow money is the next battle on the horizon, and that takes place around october 17th. harris. >> representative gohmert on this evening does not mince words. a few weeks ago it might have taken a crystal ball when i ask you this next question. i'll think you were talking to people inside the beltway and within hours how likely is a government shutdown. >> a great question and honestly does not appear there's much negotiation going on. it feels like they're talking to the cameras more than talking to one another about hammiering ou a deal. >> i'm afraid i do. i watched what happened last night -- i do. i watched what happened last night in the house of representatives. i was waiting for at least some republicans to step up and say, this shutdown strategy is going to destroy our party and its image. >> this is not a place to negotiate but i will promise you there we will pass a bill if the senate does what you think they will do that will keep the government open that will reflect the house that i believe the senate can accept that will h
ceiling, the nation or government's ability to borrow money is the next battle on the horizon, and that takes place around october 17th. harris. >> representative gohmert on this evening does not mince words. a few weeks ago it might have taken a crystal ball when i ask you this next question. i'll think you were talking to people inside the beltway and within hours how likely is a government shutdown. >> a great question and honestly does not appear there's much negotiation going...
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>> he wanted to increase the debt ceiling by 2.5 billion. the republicans said no. people said we would go off a cliff. stuart: they had not paid. republicans did not cave. he also thought the sequester would never really happened. he believed that some republicans would bust the sequester. that did not happen. it is two-three times the watch the size of his request. he will pay for either of those. stuart: the president today is taking republicans for support on his syrian attack. no extra leverage? >> no. i think we should keep these two issues very separate. the president would like someone to hold his hand. the second fight we have is do we get a delay of obamacare? he has delayed business. they do not want this thing to blow up between now and next november. we have allies. it is a reasonable request. stuart: welcome and thank you for being with us today. judge napolitano studying his blackberry there -- [laughter] >> he caught me. stuart: excellent stuff, everybody. the debate continues in a moment with the dow up 78 points. ♪ you know throughout history, fo
>> he wanted to increase the debt ceiling by 2.5 billion. the republicans said no. people said we would go off a cliff. stuart: they had not paid. republicans did not cave. he also thought the sequester would never really happened. he believed that some republicans would bust the sequester. that did not happen. it is two-three times the watch the size of his request. he will pay for either of those. stuart: the president today is taking republicans for support on his syrian attack. no...
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Oct 6, 2013
10/13
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ed dead line for the debt ceiling. on the 17th of october the united states will run out of money to pay the bills. can congress come together to keep the money going before the 17th. joining me is oklahoma congressman langford and president of the republican policy committee. thank you for being here today. >> thank you, governor. >> there is a lot of controversy over what is going on in washington. and one question who is running the house strategy. the speak oregon ted cruz? and who is running the strategy in the house right now? >> i hate to tell you this, but it is the american people in our directs who areit. folks who don't want a government shutdown but they don't want also obama care. they are colliding at this moment and they have overwhelming calls coming in my office and find any way to get relief of this process. and the last offer in the senate was straightforward. we want to make sure individuals will not be fined for the next year and members of congress and the white house, all of obama care applies to
ed dead line for the debt ceiling. on the 17th of october the united states will run out of money to pay the bills. can congress come together to keep the money going before the 17th. joining me is oklahoma congressman langford and president of the republican policy committee. thank you for being here today. >> thank you, governor. >> there is a lot of controversy over what is going on in washington. and one question who is running the house strategy. the speak oregon ted cruz? and...
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Sep 30, 2013
09/13
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they were anticipating this and the debt ceiling coming up. that's what markets are focusing on. >> melissa, thank you. >>> what a difference one little word makes for obama care. we'll explain in a minute. >>> and apparently hillary clinton is not ready for her close up. the grapevine is next. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. [ thunder crashes, tires squeal ] ♪ ♪ so, what do you say? thanks... but i think i got this. ♪ [ male announcer ] the all-new cla. starting at $29,900. some kind of... this is... an alien species. reality check: a lot of 4g lte coverage maps don't really look like much at all. i see the aleutian islands. looks like a duck. it looks like... america... ish. that's a map. that's a map of the united states. check the map. verizon's 4g lte is the most reliable, and in more places than any other 4g network. trade in your old device and trade up to america's most reliable network. i've got the good one! i got verizon! that's powerful. verizon
they were anticipating this and the debt ceiling coming up. that's what markets are focusing on. >> melissa, thank you. >>> what a difference one little word makes for obama care. we'll explain in a minute. >>> and apparently hillary clinton is not ready for her close up. the grapevine is next. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. [ thunder crashes, tires squeal ] ♪ ♪ so, what do you say?...
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Oct 16, 2013
10/13
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. >> you might say that the threat to not raise the debt ceiling after you've already spent the money, it's really a political weapon of mass destruction. there are certain weapons that are just improper to use against humanity. and to use this against the american public, it is a political weapon of mass destruction, and both sides just say, we're not going to touch it just like poison gas, just like with nuclear weapons. it's too powerful. >> when warren buffett speaks, the markets tend to listen. do you think he was on the right track? >> let's point out, yes, one of the most successful investors, smartest men on the planet as far as investing but also understand one of the most liberal men on the planet as well. warren buffett also made somewhere in the tune of $10 billion to $15 billion on a billion investment in goldman sachs. he put $5 billion, the government came in and supported with $20 billion, his stock went up with it. warren buffett had an interest in the government. he had had an interest in making sure that the obama administration -- obama care, all that stuff worked
. >> you might say that the threat to not raise the debt ceiling after you've already spent the money, it's really a political weapon of mass destruction. there are certain weapons that are just improper to use against humanity. and to use this against the american public, it is a political weapon of mass destruction, and both sides just say, we're not going to touch it just like poison gas, just like with nuclear weapons. it's too powerful. >> when warren buffett speaks, the...
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Oct 15, 2013
10/13
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we have enough money to pay the interest on our debt but then we have to stop paying other people, whether it is companies like the company that lynn has or bigger contractors or stop paying some of the government's bills to people who are due a payment, you know, whether it's medicaid payment or a medicare payment or a veteran's benefit or so forth. >> you know, i have hard time understanding. apparently income verification taken out of the last sort of -- last edition of this g.o.p. bill that they were working on. but, for the life of me, i don't understand why wouldn't anyone want income verification to make sure if someone gets subsidies he or she is entitled to it. i don't get why is that such a -- what's wrong with that? either you are entitled to it we will give it to you under the law or you are not. we should verify that. what's wrong with that? >> nothing. but here's the deal. the president did not -- he he had three and a half years to prepare for this moment. and the department of health and human services did not have the computer systems in place to check your income. as part
we have enough money to pay the interest on our debt but then we have to stop paying other people, whether it is companies like the company that lynn has or bigger contractors or stop paying some of the government's bills to people who are due a payment, you know, whether it's medicaid payment or a medicare payment or a veteran's benefit or so forth. >> you know, i have hard time understanding. apparently income verification taken out of the last sort of -- last edition of this g.o.p....
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Oct 3, 2013
10/13
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debt ceiling. fox business network anchor liz claman spoke today with the treasury secretary jack lew before all of this excitement at the white house and the capitol you have spoken in the past about how the republican has a framework. by design, if you are building a building a skyscraper, frame works have to bend a little bit or else as i said they will break. where is he willing to negotiate? >> you know, when the president put out his budget it was kind of an interesting moment if there was a desire on the other side to engage. they could have said is he offering to ask for budget, change the way calculate the consumer price index. provision that would put a premium in place that would means test medicare eligibility. these were big things. these were things that could have been the basis of republicans saying we can come and talk about some revenue. you can talk about entitlement reform. i'm an optimist. i think ultimately we are going to be at some point around the table where people negotia
debt ceiling. fox business network anchor liz claman spoke today with the treasury secretary jack lew before all of this excitement at the white house and the capitol you have spoken in the past about how the republican has a framework. by design, if you are building a building a skyscraper, frame works have to bend a little bit or else as i said they will break. where is he willing to negotiate? >> you know, when the president put out his budget it was kind of an interesting moment if...
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so he's been very clear that he is willing to close down the government, hit the debt ceiling. he did in august of 2011. make those threats. he didn't carry them out. we got $2.5 trillion in spending restraint over a decade because the president agreed to exactly what boehner had suggested back then which was very reasonable. the president's position that he has to have higher taxes and more spending, that's not going anywhere. so i don't quite know what he wants. >> a very, very quick final to you. the defense department is suggesting they could bring back 400,000 people who are furloughed by monday. that is good for those people and it is important. so of course we're all for that. but it also creates, perhaps, a sense, this shutdown must not have been so important if you can bring back 400,000 people before the government even opens. is that smart to do that in. >> national security has to come first so i will defer to secretary hagel who are trying to keep it safe. but they may not be getting paid. those capitol police officers who were involved in the deadly skirmish yeste
so he's been very clear that he is willing to close down the government, hit the debt ceiling. he did in august of 2011. make those threats. he didn't carry them out. we got $2.5 trillion in spending restraint over a decade because the president agreed to exactly what boehner had suggested back then which was very reasonable. the president's position that he has to have higher taxes and more spending, that's not going anywhere. so i don't quite know what he wants. >> a very, very quick...
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Sep 27, 2013
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but also raising the debt ceiling. >> i think their goal is to do what they said they're going to do or which is stop obama care on both fronts. now the goal is going to be which actually has been the goal for a long time, is to get some concession on the individual mandate or on the delay when it companies to -- or on the exemption that congress gets from obama care. going back to what president obama was saying real quickly, i want to compare how long the phone call that president obama made to john boehner last week was to the phone call that he made to the iranian president. i'm wondering which one was longer. it's funny that -- and the same statement he made when he's talking about republicans and the iranians, he's talking to republicans through the television. he said, if any of you are watching this, you need to think about who you're hurting. so instead of sitting down with him at a table, he's instead talking to them through a television screen while he's on the phone with the iranian president. >> you spent hours with boehner last year -- >> it's a different year. >> yes,
but also raising the debt ceiling. >> i think their goal is to do what they said they're going to do or which is stop obama care on both fronts. now the goal is going to be which actually has been the goal for a long time, is to get some concession on the individual mandate or on the delay when it companies to -- or on the exemption that congress gets from obama care. going back to what president obama was saying real quickly, i want to compare how long the phone call that president obama...
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Jan 9, 2013
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debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals wh
debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase,...
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Sep 28, 2013
09/13
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if congress doesn't raise the debt ceiling in the u.s. quite simply could run out of the money for pay its bills. so think of it as you've got a credit card and you've maxed it out, but the bank's not going to give you a new one, which means the u.s. couldn't pay federal workers, wouldn't pay social security to seniors or medicare or medicaid and that could affect over 110 million people on one of those programs. let's not forget the markets here. how will they react? maybe more expensive to take out a car loan or home loan, and the markets would go nuts, and that could feat your 401(k). >> we already saw that on friday, too. >> yeah, the market overall last week ended lower. it's been sort of on the path of trending higher, so you're seeing some nervousness. traders and analysts think, you know what? lawmakers may come to some sort of deal. until then, it's fuzzy. >> the unknown is the scariest. alison, thank you. >> sure. >>> all right. some people will do anything for love. >> now one woman is taking that to an extreme. really, why one
if congress doesn't raise the debt ceiling in the u.s. quite simply could run out of the money for pay its bills. so think of it as you've got a credit card and you've maxed it out, but the bank's not going to give you a new one, which means the u.s. couldn't pay federal workers, wouldn't pay social security to seniors or medicare or medicaid and that could affect over 110 million people on one of those programs. let's not forget the markets here. how will they react? maybe more expensive to...
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Jan 23, 2013
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the house voting today to extend the debt ceiling. we're in washington with a congresswoman who will have just cast her vote. >>> and you have heard by now that housing is recovering, but how do you make money in the rebound? we have some stocks that have benefited from the home renovation boom. we'll tell you which ones they are and whether you should be in or out. >>> speaking of being in or out, personal finance website learnvest shares its stories on a new version of "the power pitch" that's all today in a quarter half. now back to scott. >> it is the other big earnings report after the bell, netflix. the company has beaten the street the last eight quarters in a row and the stock has been on a tear. which means expectations are high. so let's take positions ahead of today's results. pete, what are we looking for here ? >> the four was all about the content, the buying of the content. now you need streaming subs to pay for it. >> and you have to have a number between a million and a half and two. if they can get in that range that
the house voting today to extend the debt ceiling. we're in washington with a congresswoman who will have just cast her vote. >>> and you have heard by now that housing is recovering, but how do you make money in the rebound? we have some stocks that have benefited from the home renovation boom. we'll tell you which ones they are and whether you should be in or out. >>> speaking of being in or out, personal finance website learnvest shares its stories on a new version of...
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Oct 17, 2013
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and that $174,000 is in the fund the government don't hit the debt ceiling dill thbill that p tonight. why is all that being done in this bill. that measure or the colorado floods measure or li-heap, why did that stuff get snuck in this bill? why would anybody risk getting that kind of stuff in this bill by these means. when that has not been debated at this time and when any sliding back into standoff mode would throw us into overtime on the debt ceiling with predictably catastrophic results. where did this come from? why is this in the bill? joining us is jon tester of montana. thanks for being with us. it's nice to have you here. >> it's great to be with you, rachel. >> should we have expected all of these individual line items in the bill that passed tonight or was this a surprise? >> it's a surprise. i mean, i think that this stuff was put in with all the best of intentions. but it's one of the reasons -- it's one of the reasons our popularity ratings are so low is because of surprises. we've seen a lot of surprises the last three weeks and i wish that we could have kept it clean
and that $174,000 is in the fund the government don't hit the debt ceiling dill thbill that p tonight. why is all that being done in this bill. that measure or the colorado floods measure or li-heap, why did that stuff get snuck in this bill? why would anybody risk getting that kind of stuff in this bill by these means. when that has not been debated at this time and when any sliding back into standoff mode would throw us into overtime on the debt ceiling with predictably catastrophic results....
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Sep 24, 2013
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ceiling debacle the fiscal cliff debacle and the sequester. each time short sellers got good opportunity to cover positions. perhaps the short side has become too crowded. short sellers tend nod to make money when everyone is expecting the same bad circumstances. we're only a few days away from a good quarter. the hedge funds have to show they weren't totally out of it. the longs might be bidding up stocks to boost the performance underneath. dow has now components, a little more wild. finally remarkable run in the transports which has been the lovey blanket of the market. they finished up today. you can't have them advance without believing that commerce is picking up. if you have commerce picking up and rates going down we should be in good shape. when the transports rally it lists boeing and all suppliers and airbus things are looking better than ever they got a 20 year plan, too. i'm sticking with the gal that brought us here. here's the bottom line we can't be sure why the market's holding its own against pending washington meltdown of ep
ceiling debacle the fiscal cliff debacle and the sequester. each time short sellers got good opportunity to cover positions. perhaps the short side has become too crowded. short sellers tend nod to make money when everyone is expecting the same bad circumstances. we're only a few days away from a good quarter. the hedge funds have to show they weren't totally out of it. the longs might be bidding up stocks to boost the performance underneath. dow has now components, a little more wild. finally...
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Oct 3, 2013
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i think, and a house aide told me today, they think their members will fall in line around the debt ceiling. >> wait, wait, wait, fall in line on the debt -- >> fall in line on voting to increase it. however, i think that is a big "if". >> it is a big "if." and you know what? everyone thought they were going to fall in line on not pursuing this strategy. and i have to say that is the thing that has me genuinely worried. didn't think we would be here, thank you so much for your time. that is "all in" for this evening, the rachel maddow show starting right now, with steve kornacki sitting in for rachel. >> good evening, welcome to another day of this extraordinary shutdown of the federal government, with offices emptied, twitter accounts frozen, national parks are all closed. this is something we have not been through in nearly 18 years. in washington today, president obama met with leaders of congress with republicans and democrats from both houses of the senate. in the interview with john harwood, he was pretty direct. >> am i exasperated? absolutely i am, this is entirely unnecessary, we h
i think, and a house aide told me today, they think their members will fall in line around the debt ceiling. >> wait, wait, wait, fall in line on the debt -- >> fall in line on voting to increase it. however, i think that is a big "if". >> it is a big "if." and you know what? everyone thought they were going to fall in line on not pursuing this strategy. and i have to say that is the thing that has me genuinely worried. didn't think we would be here, thank...
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Sep 18, 2013
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the default on america's debt, the failure to extend the debt ceiling is a self-imposed crisis generated, sadly, by the majority in the house of representatives who happen to belief this is good politics. the american people will just rally to the notion that we're going to default on our debt for the first time and we're going to stop funding the government. what a glorious day for this great nation. closing the doors of our government in every single agency -- virtually every agency -- and defaulting on our debt for the first time in history. if that is what the tea party republicans think is leadership, god save the united states of america. we need leadership where democrats and republicans sit down and act like adults, not like squealing political pigs trying to get attention. we need to basically sit down in both political parties and solve this problem. i've been waiting patiently, watching as we've asked for a budget conference committee to work out our differences. time and again we've come to the floor over the last six months and said, senator murray's budget that passed the s
the default on america's debt, the failure to extend the debt ceiling is a self-imposed crisis generated, sadly, by the majority in the house of representatives who happen to belief this is good politics. the american people will just rally to the notion that we're going to default on our debt for the first time and we're going to stop funding the government. what a glorious day for this great nation. closing the doors of our government in every single agency -- virtually every agency -- and...
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Aug 17, 2013
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we've seen no hint as to how they'll end the stalemate over the debt ceiling as the treasury remains on the verge of running out of its authority to borrow money. a big point of contention is the affordable care act, which was front and center during both parties' weekly addresses. house republicans say it's time for the senate to pass a delay on the individual mandate as well. they say it will relieve the inevitable sticker shock, especially for companies that could be forced to lay off workers. >> this time at the behest of insurance companies that say they need more time to comply. meanwhile, yes, you and your family are expected to added here to all the prescribed mandates as scheduled. where's the fairness in that? >> democrats who back the president say the implementation is well on its way. republican efforts they say to delay the process are only hurting americans. and there's more protections under this law, such as discounted prescriptions, contraceptive care as well as the ability to compare plans online, even tax credits. they also say it's better protecting those who cou
we've seen no hint as to how they'll end the stalemate over the debt ceiling as the treasury remains on the verge of running out of its authority to borrow money. a big point of contention is the affordable care act, which was front and center during both parties' weekly addresses. house republicans say it's time for the senate to pass a delay on the individual mandate as well. they say it will relieve the inevitable sticker shock, especially for companies that could be forced to lay off...
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Mar 9, 2013
03/13
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we have to do something about that. >> how do you foresee the debt ceiling and sequestration of a? >> i did not vote for the next debt ceiling raised. last year when we raised the debt ceiling, we added statutory caps and we have exceeded those a dozen times. they exceed the caps from last august that say that you're not supposed to spend more than this and then we raise them. and they just deem it to be okay. eighty out of 100 say they don't care what the rules are. many ignore their own rules. forty-eight hours is not enough to read most of the bills. but it is at least someone occurred just last week they put one up for 12 hours. they said we don't care what the rules are. i think that's why the american people are unhappy with congress because we do not obey our own rules. >> we are talking with senator rand paul, in his first book, the tea party goes to washington. he has a new one coming out called government bullies in august of 2012. one of the side issues that you have a address in this book is where your name came from. we are at this libertarian conference. are you named
we have to do something about that. >> how do you foresee the debt ceiling and sequestration of a? >> i did not vote for the next debt ceiling raised. last year when we raised the debt ceiling, we added statutory caps and we have exceeded those a dozen times. they exceed the caps from last august that say that you're not supposed to spend more than this and then we raise them. and they just deem it to be okay. eighty out of 100 say they don't care what the rules are. many ignore...
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Sep 27, 2013
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not only people hurt, market further, people's 401(k) plummets more, then the debt ceiling hostage, we've never been there. >> the stept to which it seems wall street and corporate money lost control of the republican party, their influence is levered or reduced because you have independent donors, right wing donors who want the ideology and provide an alternative set of money. >> the business community used to be and that's completely changed with tea party and outside groups, well funded, well organized conservative groups, the base, more anxious and worried and concerned about the state of the country, in, than they have been in any of our lifetimes. they are the ones now calling the shots in the party because of the house majority, they have majority in gerrymander district. they want dodd/frank but immigration reform and they aren't giving them that. that's one example. the other thing to keep in mind here, it's one thing to look at this whole circus and laugh and see the civil war and say this is really bad for them. on the other hand there is sort of a weird strategic soundness to
not only people hurt, market further, people's 401(k) plummets more, then the debt ceiling hostage, we've never been there. >> the stept to which it seems wall street and corporate money lost control of the republican party, their influence is levered or reduced because you have independent donors, right wing donors who want the ideology and provide an alternative set of money. >> the business community used to be and that's completely changed with tea party and outside groups, well...
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ceiling and other issues facing congress. that is live at 8:00 a.m. eastern. >> c-span studentcam video competition is underway. this year we are doubling the number of winners in prize money. create a five to seven minute documentary on the most important issue that you think congress should consider in 2014. entries should include c-span video, varying points of view, and are due by january 20, 2014. visit studentcam.org. >> in august, the justice department issued a memo saying they would not challenge colorado in washington's marijuana laws, as laws they implement the correct prescription of the law. next, we examined the federal and state marijuana laws. this is one hour and 40 minutes. >> i mentioned to the witnesses while they are delayed. because they are talking with senator grassley. they will be joining us shortly. a very important meeting with the president on the situation in syria. now part of the senate republicans, it is a gravely serious matter, as i'm sure all of you know and we have mentioned this to the de
ceiling and other issues facing congress. that is live at 8:00 a.m. eastern. >> c-span studentcam video competition is underway. this year we are doubling the number of winners in prize money. create a five to seven minute documentary on the most important issue that you think congress should consider in 2014. entries should include c-span video, varying points of view, and are due by january 20, 2014. visit studentcam.org. >> in august, the justice department issued a memo saying...
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. >> greta: should congress raise the debt ceiling? >> treasury secretary asked congress to raise the debt limb writ for borrowing more as soon as possible. secretary of treasury said if congress doesn't have move soon, they'll have to work with only the money they have now, you know like rest of us do. >> greta: good night. >> the o'reilly factor is on. tonight -- >> the change has always been built on our willingness, we, the people, to take on the mantel of citizenship. >> amidst a number of racial controversies the president and others address the nation on the 50th anniversary of dr. king's i have a dream" speech. james carville and i will analyze. >> unless you're attacked, unless there's proof we are about to be attacked, i would move to impeach him. >> that's advice biden said about president bush invading iran in 2007. now president obama might attack syria. things are getting complicated.
. >> greta: should congress raise the debt ceiling? >> treasury secretary asked congress to raise the debt limb writ for borrowing more as soon as possible. secretary of treasury said if congress doesn't have move soon, they'll have to work with only the money they have now, you know like rest of us do. >> greta: good night. >> the o'reilly factor is on. tonight -- >> the change has always been built on our willingness, we, the people, to take on the mantel of...
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Jan 19, 2013
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we have already spent that money so you have to raise the debt ceiling. some people say stop the madness. whever the repercussions are stop it, cap it now. if we have to default we will. maybe we can skirt default somehow. seem like majority of respondents feel that way. >> 83% say spending is out of control. of that wonder i wonder how many have idea how big the debt is 16. it doesn't matter in absolute dollars this is the biggest debt that's ever existed and our credited rating has been down graded as a result of it? >> i remember as a kid i don't know elementary school or junior high when bewere talking about the debt it was something like 4 trillion. and our teachers asked us to wrap our heads around that number. try wrapping your head around 16 trillion. i just can't imagine. to pay that down how many years that would take. even with being smart with government spending. >> it's larger than our entire economy just to put it in some scale here. >> that's a problem. yeah. i remember when i was a kid going to the gas station and thinking wow why the tim
we have already spent that money so you have to raise the debt ceiling. some people say stop the madness. whever the repercussions are stop it, cap it now. if we have to default we will. maybe we can skirt default somehow. seem like majority of respondents feel that way. >> 83% say spending is out of control. of that wonder i wonder how many have idea how big the debt is 16. it doesn't matter in absolute dollars this is the biggest debt that's ever existed and our credited rating has been...
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if we raise the debt ceiling, we want to borrow more money. that does indeed add to our total debt. >>brian: which is $17 trillion. annually we're $670 billion over? >> correct. our deficit this year, overspending, is $650 billion. our total debt on the screen, $16.961 trillion and rising fast. >>elisabeth: what does this mean for the average person? what does that mean to me? >> it means that you, your children and your grandchildren will be paying off that debt forever and a day. it will never go away. and the amount you have to pay back, the interest goes up and up and up and up until all of this is taken up with interest. >>steve: a lot of people may feel like groundhog day because we went through this with the fiscal cliff thing awhile back. what's the stock market going to do later today? we did touch earlier on commented president had. >> the president yesterday said the stock market should be worried about this debt limit. i never heard a president of the united states talk about the stock market quite like that before. >>brian: what the heck is that about? >> my personal op
if we raise the debt ceiling, we want to borrow more money. that does indeed add to our total debt. >>brian: which is $17 trillion. annually we're $670 billion over? >> correct. our deficit this year, overspending, is $650 billion. our total debt on the screen, $16.961 trillion and rising fast. >>elisabeth: what does this mean for the average person? what does that mean to me? >> it means that you, your children and your grandchildren will be paying off that debt forever...